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Cost of Inflation (Who's Helped? Who's Hurt?)
Автор: Econbusters
Загружено: 2021-12-09
Просмотров: 755
Описание: The vast majority of our expressions of value are in nominal dollars and not real dollars. The problem is the dollar’s value changes anytime the price level changes, and when the dollar’s value changes, nominal measurements are distorted – which leads to bad decision making. This is a problem with using the dollar as a unit-of-account. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
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